Short Interest in Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Grows By 356.8%

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 33,800 shares, a growth of 356.8% from the November 30th total of 7,400 shares. Based on an average daily volume of 116,300 shares, the short-interest ratio is presently 0.3 days.

Galp Energia, SGPS Stock Performance

OTCMKTS GLPEY traded up $0.04 during trading on Friday, reaching $8.71. The company’s stock had a trading volume of 119,375 shares, compared to its average volume of 77,491. The business’s fifty day moving average price is $8.56 and its 200-day moving average price is $9.53. Galp Energia, SGPS has a twelve month low of $7.26 and a twelve month high of $11.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.31 and a current ratio of 1.62. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of 9.27 and a beta of 0.47.

Galp Energia, SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings results on Monday, October 28th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The firm had revenue of $6.02 billion for the quarter. Galp Energia, SGPS had a return on equity of 24.36% and a net margin of 6.17%. As a group, analysts anticipate that Galp Energia, SGPS will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Berenberg Bank raised Galp Energia, SGPS to a “strong-buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group raised Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th.

About Galp Energia, SGPS

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.